The Securities and Exchange Commission (SEC) has announced that Nigeria’s non-interest capital market has reached a valuation of over N1.6 trillion, signaling growing investor confidence and deepening participation in ethical finance.
The Director-General of the SEC, Dr. Emomotimi Agama, made this announcement during a joint press briefing in Abuja ahead of the 7th African International Conference on Islamic Finance (AICIF).
The AICIF, scheduled to hold in Lagos on November 4 and 5, 2025, aims to promote ethical financing as a viable tool for building a resilient and inclusive African economy.
The conference will feature high-level discussions on unlocking capital for Africa’s infrastructure, green and ethical investments, agricultural financing, and the role of fintech in transforming Islamic finance.
Agama noted that the Nigerian non-interest market has shown remarkable momentum, with Sukuk dominating the sector.
He revealed that the last Sukuk issuance was oversubscribed by over 700 percent, underscoring the growing investor appetite for non-interest products and confidence in the regulatory framework.
The enactment of the Investments and Securities Act (ISA) 2025 provides a strengthened legal foundation for non-interest financial products, empowering the SEC to register non-interest collective investment schemes and broaden the range of instruments available to investors.
Agama described the new Act as a “game-changer” that modernizes the regulatory framework, enhances transparency, and gives investors the confidence needed to engage more deeply with ethical finance.
The conference will focus on promoting financial inclusion, ensuring that ethical finance becomes a driver of prosperity for individuals and businesses alike.
Agama emphasized that the insights generated will help shape the next phase of Nigeria’s capital market growth, ensuring it remains a strong engine for economic development.
The SEC boss urged stakeholders and the media to actively participate in the Lagos conference, describing it as “a defining moment for Nigeria’s financial sector and a blueprint for Africa’s economic rebirth.”
Comment here